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Tag search results for: "turkish lira plummeted amid intensified dollar shortage"
Faced with increased inflation, rising unemployment and slow economic
growth, the lira is under increasing pressure. The Turkish central bank
has withdrawn millions of dollars from foreign exchange reserves this
year to buy lira and support the exchange rate of the lira against the
dollar, significantly reducing the country's net forex reserves from US$
40 billion at the beginning of the year to just about US$ 25 billion.To
get more news about WikiFX, you can visit wikifx news official website.
Nevertheless,
the lira has ... more
